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1351 Felt St 8 Unit Apartment Building $329,000 ($41,125/Unit) Toledo, OH 43605
Executive Summary
INVESTMENT HIGHLIGHTS
8-unit stabilized property delivering strong, immediate cash flow
Turnkey condition – multiple units recently renovated
Updated kitchens, baths, flooring, mechanicals, and common areas
Solid tenant base with consistent rent collections
High-demand rental area near jobs, transit, and amenities
Opportunity to increase rents as remaining units are upgraded
Ideal for passive and out-of-state investors
8-unit stabilized property delivering strong, immediate cash flow
Turnkey condition – multiple units recently renovated
Updated kitchens, baths, flooring, mechanicals, and common areas
Solid tenant base with consistent rent collections
High-demand rental area near jobs, transit, and amenities
Opportunity to increase rents as remaining units are upgraded
Ideal for passive and out-of-state investors
Property Facts
| Price | $329,000 | Building Class | C |
| Price Per Unit | $41,125 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,670 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Low-Rise | ||
| Zoning | 10-RS6 - Designed for single-family residential use, with specific regulations on lot size, building height, and to ensure a harmonious community. | ||
| Price | $329,000 |
| Price Per Unit | $41,125 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,670 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | 10-RS6 - Designed for single-family residential use, with specific regulations on lot size, building height, and to ensure a harmonious community. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
- Porch
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Property Taxes
| Parcel Number | 03-26321 | Improvements Assessment | $30,450 |
| Land Assessment | $19,075 | Total Assessment | $49,525 |
Property Taxes
Parcel Number
03-26321
Land Assessment
$19,075
Improvements Assessment
$30,450
Total Assessment
$49,525
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1351 Felt St
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